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jack lew must never be treasury secretary. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies. jack lew is not that man. >> well, i guess if jeff sessions represented the majority party, his words there might have a little more bite than they do. jack lew actually in truth is the least controversial of the nominees we're going to talk about tonight. he is very liberal. no question about that. he has come up through the ranks starting in tip o'neil's office in years ago on the democratic side of the party. capable. knows the numbers. has the president's trust. even though he has offended some republicans by his behavior in the negotiations, president likes him. they won't go to the matt over this. >> bret: chuck hagel, charles? >> here from the two leading hagel indicators. schumer on the democrats and mccain on the republican. he is from new york. unequivocal. if he goes with hagel in the end, hagel will be approved. as for mccain, his issue is more i
jack lew must never be treasury secretary. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies. jack lew is not that man. >> well, i guess if jeff sessions represented the majority party, his words there might have a little more bite than they do. jack lew actually in truth is the least controversial of the nominees we're going to talk about tonight. he is very liberal. no question about that. he has come up...
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>>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. nation.s woven together, it >> i tried. still doesn't even look good. good morning and welcome to "way too early," the show that's proudly ranked just ahead of doctors at our penmanship class. we have a lot to talk about, including a white house meeting on gun control between vice president biden and leaders of the national rifle association. i'll tell you why the nra leaders walked away disappointed. plus, the pentagon tightens its belts ahead of possible cuts. >>> first, our top story at 5:30 a.m. here at 30 rock in new york city. amid a national debate about guns and violence, a california teacher and a campus supervisor are being credited for heroic actions yesterday during yet another school shooting. i
>>> there's jack lew's signature. we could have a pretty ugly signature on our dollar bill. >> i mean, is this even a signature? or did he start drawing charlie brown and give up after the hair? good grief. and it got no better when lew explained his fiscal philosophy saying, quote, i describe budgets as tapestry. nation.s woven together, it >> i tried. still doesn't even look good. good morning and welcome to "way too early," the show that's proudly ranked just...
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. >> sir, you're on record about jack lew. i want to get you on record about the breaking news that jay rockefeller announcing he's not going to seek another term come 2014. he's been a five-term senator from west virginia. what does this mean to the balance of power in the senate? >> well, i'm not an expert on the politics of west virginia. jay rockefeller has been a wonderful senator and very strong on a number of issues. he's going to be missed very, very much. and i hope that there will be a good candidate that can take his place. >> the new comes after shelly moore announcing that she would seek rockefeller's seat next year, republican from west virginia. at least one person throwing their hat in the ring for that. bernie sanders, thanks for joining me, i appreciate it. >> thank you. >> here's a look at some of the stories topping the news now. the centers for disease control and prevention said the flu is widespread in 47 states, up from 41. 20 children have died so far and the cdc also reporting that even though the vac
. >> sir, you're on record about jack lew. i want to get you on record about the breaking news that jay rockefeller announcing he's not going to seek another term come 2014. he's been a five-term senator from west virginia. what does this mean to the balance of power in the senate? >> well, i'm not an expert on the politics of west virginia. jay rockefeller has been a wonderful senator and very strong on a number of issues. he's going to be missed very, very much. and i hope that...
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the official jack lew signature generator. if you type your name, you can generate your own jack lew. wow. >> what's mine look like? that's a fascinating "b" at the start. >> i like that. mine is going to be much more elegant. >> that's not bad, actually. at least everything is on the same line. >> that's a good one. >> as treasury of secretary, jack lew's signature will be on every official u.s. dollar. so why don't we see what it will look like? i take a little crack at it here. >> let's see what yours would look like. your scribbles are not good. >> king of the world. >> can anyone out there read that? what is that? >> this thing doesn't work. >> you don't even fit in the lines. >> this thing is garbage. let's move on. oh, he's throwing paper balls over here. >> spring training is only about a month away. he gets a little excited. >> can't take that guy anywhere. all right. now, it's just another day in new york city. this is my final story. a manhattan subway rider uploaded a video to youtube chronicling here subway ride.
the official jack lew signature generator. if you type your name, you can generate your own jack lew. wow. >> what's mine look like? that's a fascinating "b" at the start. >> i like that. mine is going to be much more elegant. >> that's not bad, actually. at least everything is on the same line. >> that's a good one. >> as treasury of secretary, jack lew's signature will be on every official u.s. dollar. so why don't we see what it will look like? i take...
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lew has been very suk s sesful and if anybody can, jack can. if you look at the paul ryan budget, what you see is literally a transfer of trillions of dollars over the ten-year budget window from programs that help low income people to tax cuts for rich people. this is the robin hood in reverse on steroids. jack lew recognizes that one of the critical roles for government is protecting economically vulnerable people. now, that doesn't mean he won't put some spending cuts on the table and they may even involve entitlements but you can bet the vulnerable retirees and the people who depend on the safety net at times of market failure will have a very strong ally in jack lew. >> to that point, many people have suggested in the past that there's been a revolving door that goes from the treasury to wall street and back again. is this man part of that coterie or is he very much and firmly in the public service camp? >> it's much more in the public service camp. i read this morning a critique of the choice of jack for treasury secretary by some financi
lew has been very suk s sesful and if anybody can, jack can. if you look at the paul ryan budget, what you see is literally a transfer of trillions of dollars over the ten-year budget window from programs that help low income people to tax cuts for rich people. this is the robin hood in reverse on steroids. jack lew recognizes that one of the critical roles for government is protecting economically vulnerable people. now, that doesn't mean he won't put some spending cuts on the table and they...
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defense secretary but jack lew is practically a shoo in however given this man's history with banks and his stances on deregulation should we expect more of the same from him for more kyle harrington founder of harrington capital management joins me hey there kyle so let's are you doing well how are you sir good jack lew is not a surprising choice to many just i mean he isn't facing as much scrutiny as more of an out of the box kind of nominee. well i you know it's interesting aside from his peculiar signature you know i think you know one needs to look at whether or not you are republican democrat liberal conservative his his background is it is kind of interesting as well it seemed as if he was raised and grew up on more of a government dependent spending liberal side of the equation and then he got into private practice in which he you know like you highlighted said that financial deregulation had nothing to do with the collapse so you you you wonder whether or not you know where he is and again with the less thing we need in my opinion out of washington d.c. with respect to any of t
defense secretary but jack lew is practically a shoo in however given this man's history with banks and his stances on deregulation should we expect more of the same from him for more kyle harrington founder of harrington capital management joins me hey there kyle so let's are you doing well how are you sir good jack lew is not a surprising choice to many just i mean he isn't facing as much scrutiny as more of an out of the box kind of nominee. well i you know it's interesting aside from his...
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first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic budget fights? david? >> i think it tells us that the president anticipates that this year will be a year dealing with taxes and spending and deficits. it will be the fifth year in which we have a trillion dollar deficit and jack lew has been budget director in two administrations. unlike timothy geithner, he has very little experience in finance. that was geithner's strong point. he has very little experience in international. that was geithner's background. this is a guy who knows budget and knows congress. it sort of marks a punctuation point in the financial rescue. geithner was part of the rescue at the ne
first, new treasury secretary jack lew -- a veteran of the clinton and obama white houses - who will succeed timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach of having the luxury of putting somebody at almost any position and knowing he will do well." gwen: so what does lew's appointment tell the senators who must confirm him about what comes next in our epic...
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lew our t. does some digging into his past we'll show you the info that we dug up. in farmers versus months on so a group of farmers are trying to reinstate a class action lawsuit against the biotech giant what they are fighting about and why the issue may affect what's on your dinner table coming up. it's friday january eleventh five eight pm in washington d.c. hi meghan lopez and you're watching our t.v. well it's the moment we've all been waiting for over a decade for earlier today president obama met with his afghan counterpart to discuss a twenty fourteen drawdown of american troops now in front of the camera both president obama and president karzai have presented a united front and say they agree on the future goals for afghanistan but one report after another has demonstrated that these two leaders are often at odds with one another or two arabic correspondent rym up to him via tell us about the current relationship between the presidents and what we learn from today's meetings. as that
lew our t. does some digging into his past we'll show you the info that we dug up. in farmers versus months on so a group of farmers are trying to reinstate a class action lawsuit against the biotech giant what they are fighting about and why the issue may affect what's on your dinner table coming up. it's friday january eleventh five eight pm in washington d.c. hi meghan lopez and you're watching our t.v. well it's the moment we've all been waiting for over a decade for earlier today president...
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. ari sreenivasan has mor >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll examine
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. ari sreenivasan has mor >> sreenivasan: the u.s....
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i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that we have limited fiscal resources. like jack, have i spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. i feel incredibly fortunate that my wife, carol, and my family have been willing to allow me to do this. i thank them for their support and their patience and i understand their occasional impatience. [ laughter ] >> i want to express my admiration and my appreciation for the women and the men of the treasury de
i have the greatest respect for jack lew. i know he is main of exceptional judgment, calm under pressure with an extraordinary record of accomplishment and experience. over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and the poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. he understands that to govern responsibly is to govern with a recognition that...
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>> i worked with jack lew, what you read does not resonate. you have to remember back then, lew was arguing with the tea party. the tea party they bring negotiations to the table. -- the position, so this is not something new to him. i am quite confident that he will be confirmed again. this is a guy who back in the 1980s helped to negotiate a social security deal that was very bipartisan. 1997 a bipartisan balanced budget that led to a surplus, not a deficit of over $200 billion in 2000. he dusted it up with the republican party back then and frankly he needed to. >> i want to move on to something more light hearted conversation. the buzz about creating a trillion dollar coin. treasury spokesman is saying that the treasury department nor the federal reserve feels that it should be producing a platinum coin. ultimately how does it work? it sounds completely bizarre. >> it's a bizarre solution to a more bizarre problem and i think many people, myself included thought that the trillion dollar coin solution was absolutely ridiculous. but it would
>> i worked with jack lew, what you read does not resonate. you have to remember back then, lew was arguing with the tea party. the tea party they bring negotiations to the table. -- the position, so this is not something new to him. i am quite confident that he will be confirmed again. this is a guy who back in the 1980s helped to negotiate a social security deal that was very bipartisan. 1997 a bipartisan balanced budget that led to a surplus, not a deficit of over $200 billion in 2000....
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that left some republican was the sour tath about jack lew. in his book, bob woodward quotes saying brett loper in particular, found lew obnoxious. the budget director was doing 75% of the talking, lecturing everyone. not only about what obama's policy was but also why it was superior to the republicans'. barry jackson, former chief of staff, found lew's tone disrespectful and dismissive. lew is not likely to get any serious opposition. few senate republicans like jeff sessions aren't exactly saying celebratory things. according to fox news sessions has a prepared statement out that says, quote, jack lew must never be secretary of treasury. his testimony before the senate budget committee less than two years ago was so outrageous and false that it alone disqualifies him. jeff sessions is sort of alone on that front. one more thing to remember. secretary geithner would have -- would stay, president wouldn't be replacing geithner. if there is a cabinet secretary that the president knew the least but ended up becoming very close to, it has been g
that left some republican was the sour tath about jack lew. in his book, bob woodward quotes saying brett loper in particular, found lew obnoxious. the budget director was doing 75% of the talking, lecturing everyone. not only about what obama's policy was but also why it was superior to the republicans'. barry jackson, former chief of staff, found lew's tone disrespectful and dismissive. lew is not likely to get any serious opposition. few senate republicans like jeff sessions aren't exactly...
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there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the u.s. spends more on health care per person compared to other high-income nations, but that doesn't translate to healthier lives, according to a report from the national academy of sciences. read more about the findings on our health page. and poet richard blanco has been chosen to compose and read an original poem for president obama's second inaugural. he is the first hispanic and first gay poet selected for that honor. you can hear him recite some of his work on art beat. all that and more is on our web site newshour.pbs.org. gwen? >> ifill: and that's the "newshour" for tonight. on thursday, we'll exami
there was word that president obama will nominate his chief of staff, jack lew, to be treasury secretary. while labor secretary hilda solis announced today she plans to resign and insurance giant a.i.g. decided not to join a shareholder lawsuit against the federal government, which gave the company the largest bailout of the 2008 financial crisis. and we have another health story online about how the u.s. ranks in terms of life expectancy. hari sreenivasan has more. >> sreenivasan: the...
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professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the cutting of staff, for example, the fdic lost three-quarters of its staff and a huge loss began under clinton. and the whole reinventing government, lou was a strong supporter of that. we were taught, instructed by washington that we were to refer to banks as our clients and our role as regulators, and to think of them as clients. he goes from there to wall street where he was a complete failure. you noted that part of what citicorp did was a bet that housing would fall. that is one of their winning bets. the action made a bunch of losing bets as wel
professor black, your assessment of jack lew? >> on financial matters, jack lew has been a failure of pretty epic proportions. he gets promoted precisely because he is willing to be a failure, and is a useful to wall street interests. so you have mentioned two of the things in terms of most important and most destructive deregulation under president clinton by statute. but he was also there for much of the regulation by rule and strong proponent of it, and he was there for much of the...
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i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional life in this world of public policy and public service. as all of you know, our family carried a large share of the burden that we share in public like. i am incredibly proud that my family have been willing to allow me to do this and i think them for their support and their patients, and i understand there are occasional impatience. [laughter] i want to express my admiration for the men and women of the treasury department. those who serve you during these years of crisis, and the civil servants of the treasury, with whom i started worki
i have the greatest respect for jack lew. i know him as a man of exceptional judgment, calm under pressure, with an extraordinary record of experience over the decades. he is committed to defending the safety net for the elderly and the pour. he understands what it takes to create conditions for broader economic growth and opportunity. and he understands that to govern responsibly is to govern with the recognition that we have limited fiscal resources. like jack, i have spent my professional...
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i think jack lew is an exceptionally good choice to be secretary of treasury. this is not about saving detroit. it's not about the banking system coming to collapse. we're in a fiscal and budgetary bind of historic proportion and it's going to be congress to a great degree and the white house. and i think that anybody who has been twice budget director, judy, 30 years ago, jack lew was negotiating for the speaker of the house o thomas p o'neill when they were doing the greenspan commission on social security between ronald reagan's white house and the democrats in the house. i mean his experience is-- he doesn't have pan ach, he doesn't have dash, he's not going to give you, you know, two colourful things. he's to the going to talk off the record like that the. but i just think he is a great choice. >> quickly, some conversation this week about lack of diversity so far in the president's pick. should we be -- >> you know, ruth marcus said he should have had some binders full of women. you for example i do think ruth made the point that there is not a lot-- ther
i think jack lew is an exceptionally good choice to be secretary of treasury. this is not about saving detroit. it's not about the banking system coming to collapse. we're in a fiscal and budgetary bind of historic proportion and it's going to be congress to a great degree and the white house. and i think that anybody who has been twice budget director, judy, 30 years ago, jack lew was negotiating for the speaker of the house o thomas p o'neill when they were doing the greenspan commission on...
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if you look at jack lew's career, it's easy to say he's a creature of government. worked in the obama administration, worked for tip o'neill back in the day. but when you look at his experience before he came to the government with the obama white house, he was at citi and got $1 million salary and $1 million bonus. this irks not only conservatives who think obama's being hypocritical to nominate someone this kind of banking background after wagging his finger at the wealthy all year. but almost frustrates and infuriates the left because they would like to see someone more progressive in the treasury role. >> more progressive. but what about this? he was the chief operating officer of a proprietary trading operation of about $54 billion. now, that has been outlawed under dodd/frank. so once again, i see hypocrisy from team obama. >> you've already seen some senators on capitol hill such as chuck grassley of iowa raise questions about what jack lew did at citi. and there's been a huffington post investigation about how lew's unit within the company was tied to hedge
if you look at jack lew's career, it's easy to say he's a creature of government. worked in the obama administration, worked for tip o'neill back in the day. but when you look at his experience before he came to the government with the obama white house, he was at citi and got $1 million salary and $1 million bonus. this irks not only conservatives who think obama's being hypocritical to nominate someone this kind of banking background after wagging his finger at the wealthy all year. but...
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lew is concerned what will be top of the agenda then what needs to be done going forward. he majorly moved will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percent of the g.d.p. so there's still a lot to be done and i think appointing a somewhat more political person to the choices second chair will also indicate that obama means business is terrific doing this and in terms of ways to tackle the debt then there's been talk of a one trillion dollar platinum coin to be minted as a way to resolve the over sixteen trillion dollar debt do you see this is feasible is it crazy is it is a good idea how do you see this. theoretically is a very good idea isn't it if you have too much state you can just mend some coins and you're out of your trouble of course i think clearly this is just th
lew is concerned what will be top of the agenda then what needs to be done going forward. he majorly moved will need to move towards get in the talks on the debt ceiling in place it would also be for him to create the platform from which. obama is reflecting his view that he wants to do something about his legacy u.s. is still facing huge reforms needed in particularly in the health care costs where health costs over the next ten years will double in percent of the g.d.p. so there's still a lot...
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then on thursday, naming his chief of staff, jack lew as his nominee to become the the next treasury secretary. the president's pick is getting all sorts of media attention from all sides and conservative media groups in particular, jim seem to have with chuck hagel and the liberal media seems to have issues with brennan to run-- and then the issue of jack lew's signature, everybody has an issue with. yeah, i mean, look on the hagel thing, all the issues about the iraq war and israel lobby and all the other things that hagel has brought up. we've got another drama within a drama there, which is chuck schumer and-- chuck schumer a democratic senator from new york, jewish, seen as a decisive vote inside the senate and the republicans mostly oppose hagel and the question for the democrats go and could be following schumer's league and going to enjoy this drama as long as he can and get on tv a lot saying i'm deciding, i'm deciding, you'll deciding, and see what he's doing in the end. >> and what do you think of the pick of the president for a republican. >> and commenttators would say w
then on thursday, naming his chief of staff, jack lew as his nominee to become the the next treasury secretary. the president's pick is getting all sorts of media attention from all sides and conservative media groups in particular, jim seem to have with chuck hagel and the liberal media seems to have issues with brennan to run-- and then the issue of jack lew's signature, everybody has an issue with. yeah, i mean, look on the hagel thing, all the issues about the iraq war and israel lobby and...
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jack lew, what's wall street think? >> you know, jack lew -- there are people who look back and forth at this. and there has been a raging debate on wall street. the instant knee-jerk reaction was that the business leaders, business community, would like to see somebody who would listen to them, maybe get their points across a little more, maybe be more interested in growth. but overall, people say jack lew has a great resume. he is a very strong player. and he is somebody who has been involved in the budget negotiation talks. and that's something that we need going around. so while they say he may have some weak points, they also expect he will be confirmed. and so people are getting used to that idea. what they're talking about now, who would be the deputy treasury secretary, someone who has a very close finger and the pulse on the financial markets, because they say that's their big concern is we want to see what happens with all these things. we have seen investors coming back into the markets. and chuck, i know it'
jack lew, what's wall street think? >> you know, jack lew -- there are people who look back and forth at this. and there has been a raging debate on wall street. the instant knee-jerk reaction was that the business leaders, business community, would like to see somebody who would listen to them, maybe get their points across a little more, maybe be more interested in growth. but overall, people say jack lew has a great resume. he is a very strong player. and he is somebody who has been...
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that is not going to be a good enough answer for jack lew. bill: we'll get sessions on the air starting next week. we'll see who else is on his side. stephen hayes, thank you. >> thanks, bill. bill: in washington with us today. martha, what's next? martha: what's next is this. we're waiting for new numbers. they're expected to come out in the next hour or so to the extent of this deadly spread of the flu outbreak and there are some new questions whether enough is being done to protect schools with all this. we'll tell you the length of some schools are going to now to disinfect. bill: more than washing your hand, huh? if you saw a pair of men walking through your neighborhood carrying assault rifles what would you do? two guys exercising their second amendment rights here. >> we were educating, letting people know they can come up and talk to us. we're very friendly, said hi to people. we let people know that guns are not bad things. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watcng. introducing the
that is not going to be a good enough answer for jack lew. bill: we'll get sessions on the air starting next week. we'll see who else is on his side. stephen hayes, thank you. >> thanks, bill. bill: in washington with us today. martha, what's next? martha: what's next is this. we're waiting for new numbers. they're expected to come out in the next hour or so to the extent of this deadly spread of the flu outbreak and there are some new questions whether enough is being done to protect...
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jack lew, women qualified for the positions? absolutely. >> do you believe that there is some meeting happens right now to try to appropriately deal with this? i mean, no one wants the job just based on the gender or color. you want to say i earned my way in this and we know the realities of doors opened and closed in our nation's past to women, to people of color. do you think given the situation, the exposure there's serious talk behind the scenes at the white house? >> absolutely. i think that's right. there's some serious talk about how to fill out the rest of the cabinet. you saw the white house rush to essentially say, hey, wait a minute, we have the folks staying. holder and sebelius but to me in some ways they weren't in tune to this initially going in to this and only speaks to the lack ofdy rersty. no one in that room to say, listen, maybe we have a problem with the optics with rolling out all of these white male candidates. >> last thing i'd say, tamron, look. this is important. we want to create good role models for
jack lew, women qualified for the positions? absolutely. >> do you believe that there is some meeting happens right now to try to appropriately deal with this? i mean, no one wants the job just based on the gender or color. you want to say i earned my way in this and we know the realities of doors opened and closed in our nation's past to women, to people of color. do you think given the situation, the exposure there's serious talk behind the scenes at the white house? >>...
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Jan 12, 2013
01/13
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those were the years that jack lew was in charge of the budget. those were also the years in which debt clocks had to be unplugged because they had never been programmed to run backwards. it was not jack lew alone who led us to that fiscal breakthrough as a country. but he was budget director, and with success comes bragging rights. and even know the obama administration kind of declared war on peacocks in this announcement yesterday, it is worth wondering if they might not actually be better off if they did strut on these issues a little bit more than they like to, because you would never know it from the way the deficit peacocks are crowing against this administration, but the deficit is now more than $200 billion smaller than it was when president obama first took office. we are currently witnessing the fastest deficit reduction in this country since the end of world war ii. the alleged big spending liberal barack obama has already signed into law approximately $2.4 trillion deficit reduction measures over the next decade. and that could be hig
those were the years that jack lew was in charge of the budget. those were also the years in which debt clocks had to be unplugged because they had never been programmed to run backwards. it was not jack lew alone who led us to that fiscal breakthrough as a country. but he was budget director, and with success comes bragging rights. and even know the obama administration kind of declared war on peacocks in this announcement yesterday, it is worth wondering if they might not actually be better...
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Jan 10, 2013
01/13
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jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
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Jan 10, 2013
01/13
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speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one of each of those. at auto show starts at 10:00 and runs through -- at 10:00 this morning and runs through sunday. >> i'll take one for sal and one for me and you and steve. >>> if you want to get into your hot rod or whatever car you use, you need to give yourself some extra time in this commute. 680 southbound is going to be a little bit slow. there are no major problems if you are driving at the bay bridge toll plaza but seems a touch lighter than usual. and it's not all that bad on the bridge itself. traffic looks good, a little bit of wet roads and you might even encoun
speaking of jack lew, he may want to do something about his signature. right now it is a series of curly writing. his signature would be on every u.s. currency bill. tim geithner said he had to change his signature when he took the job just to make it legible. >>> we have new video this morning from the floor of the 2013 silicone valley and take a look at all the names in the auto industry. they are at the convention center in san jose. showing up on trucks, cross overs, i'll take one...
WHUT (Howard University Television)
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Jan 10, 2013
01/13
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WHUT
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lew, to replace timothy geithner at the treasury department for obama's second term jack lew widner geithner in heading treasury after a stint on wall street, working at the financial giant citicorp between 2006 and 2010. the u.n. arab league envoy to syria has issued his strongest words to date against the regime of syrian president bashar al- assad. speaking to bbc news, lakhdar brahimi appeared to endorse al- assad's departure from government as part of any political solution in syria. >> what people are saying, it is a little bit too long. so the change has to be real. i think president assad could for what hislead an people want, rather than resisting it. >> afghan president karzai is in the u.s. for talks with president obama on u.s. troops levels in afghanistan after the withdrawal deadline of 2014. obama administration officials have recently floated troop numbers ranging from zero to 20,000 after combat operations formally come to an end. karzai kicked off his visit on wednesday by meeting a group of senators. >> the trip has just begun and the meeting over today's the ledg
lew, to replace timothy geithner at the treasury department for obama's second term jack lew widner geithner in heading treasury after a stint on wall street, working at the financial giant citicorp between 2006 and 2010. the u.n. arab league envoy to syria has issued his strongest words to date against the regime of syrian president bashar al- assad. speaking to bbc news, lakhdar brahimi appeared to endorse al- assad's departure from government as part of any political solution in syria....
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Jan 10, 2013
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president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin decline. first up, scott thompson, english teacher is accused of pulling the flag off the wall and stomping on it in front of students feoffment speech or is american culture in decline. bob, taking the flag off the wall, stomping on it in front of kids? >> bob: it's terrible. i think there are laws against defacing a flag. not sure that he is not in that territory. to do it in front of kids, i'm not sure what the point was. he said it's cloth. it's more than cloth. represents a lot of thing. >> kimberly: fire him. this is outrageous. i would be so angry i would literally pro
president nominated jack lew as the treasury secretary. it has been met with vigorous opposition by some on capitol hill. we'll have report and analysis from brit hume. 14 died in boston and 18 in state of massachusetts as the nationwide flu outbreak continues. we have a live report. "special report" starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> eric: welcome back. i've been asking the question is american culture in declin...
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Jan 11, 2013
01/13
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tell me the problem with jack lew. >> so much problems, so few time. the first thing is a lock of integrity. it isn't even so much that he worked for wall street. it's that he was in charge of o.m.d. for president clinton and was one of the important architects of financial deregulation. that's why he's not willing to admit that, because his fingerprints are all over what caused the crisis. >> cenk: so that's interesting. >> if you don't ever integrity you don't get anything. >> cenk: he's part of the guys who deregulate the banks. he goes to the banks gets paid millions of dollars at those banks that deregulation causes those banks to crash. becoming the director of the office of management and budget, then chief of staff now secretary treasury. it's almost as if they reward failure in washington. >> it's not almost. i said this about geithner, that he was selected precisely because he had a track record of consistent failure and louis a worthy successor. on every important financial issue, he has been as wrong as it is possible to be wrong he's cause
tell me the problem with jack lew. >> so much problems, so few time. the first thing is a lock of integrity. it isn't even so much that he worked for wall street. it's that he was in charge of o.m.d. for president clinton and was one of the important architects of financial deregulation. that's why he's not willing to admit that, because his fingerprints are all over what caused the crisis. >> cenk: so that's interesting. >> if you don't ever integrity you don't get anything....